British expats tipped for Spanish exodus over Brexit red-tape: ‘All these restrictions!’ – Express

After the UK left the EU Britons access to Spain changed in various ways, both for expats and those visiting the country. Since the Brexit transition period came to an end just over two years ago, UK travellers have only been permitted to stay in the Schengen Area for 90 days at a time during any 180-day period. For longer stays, UK nationals require a visa or a residence permit issued by the host country.

Not only have travellers to Spain been affected by the new restrictions, but also those who own property in the coastal state.

Non-resident UK nationals with property which they use themselves are now required to pay the IRNR tax.

The Spanish name for the tax is the Impuesto de la renta de no residentes, declaracin ordinaria.

This Spain-specific tax is charged at 24 percent for non-EU nationals and 19 percent for citizens from the bloc.

British councillor Bill Anderson, who moved to Spain nearly 20 years ago, told Express.co.uk that Spains restrictions on Britons post-Brexit may mean that British buyers will look elsewhere in Europe to snap up their dream home in the sun.

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Mr Anderson, a councillor for Spains PP party in Mijas on the Costa del Sol, suggested Cyprus and Malta could be more attractive to prospective real estate investors.

He said: People are saying, If Ive got all these restrictions why buy in Spain.

Portugal is giving tax breaks Ill buy in Cyprus, Ill buy in Malta.

I think from that perspective there are going to be those in the future that may not invest in Spain.

The councillor said he expected Britons, who have been expats in Spain for years, to remain in the country despite Brexit.

What we will see without a doubt is a change in the kind of profile of Brits that come to Spain in the future and buy in Spain in the future.

Those who own property in Spain to rent out are also facing post-Brexit implications, now required to pay the EUs non-resident income tax rate of 24 percent on their earnings from letting out their homes.

This is an increase on the 19 percent rate Britons were charged across the EU before Brexit.

British owners of property in Spain can no longer offset costs, such as cleaning and maintenance.

Mr Anderson added: I think the profile of people that can now come and live in Spain has changed dramatically.

Because were subject to the same rules as any third nation.

I know a number of families over the last few years who have gone back theyve worked very hard to try and earn a living down here.

Especially on the Costa del Sol, where people think paying you 1,000 is a good salary, when it costs you 800 to rent an apartment.

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British expats tipped for Spanish exodus over Brexit red-tape: 'All these restrictions!' - Express